Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Sub-Sahara Africa Stocks: Kenya Airways, Nestle Nigeria Move

Kenya’s All-Share Index fell for the third day, declining 0.4 percent to 59.98 in Nairobi.

Mauritius’s SEMDEX Index weakened 0.3 percent to 1,766.25 at the close. The Nigerian Stock Exchange All-Share Index rose for a third day, gaining 0.7 percent to 21,227.98 by 2:30 p.m. in Lagos, according to data compiled by Bloomberg. The FTSE/Namibia Overall Index climbed for a second day, increasing 1.1 percent to 919.99 in Windhoek.

The following shares are active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Kenya Airways Ltd. (KNAL KN), sub-Saharan Africa’s third-biggest airline, plunged 9.9 percent to 15.1 shillings, the lowest since October 2004. The company said March 12 it plans to raise $3.6 billion, partly through a rights offer and loans, to fund its 10-year expansion plan.

Nestle Nigeria Plc (NESTLE NL), the West African nation’s largest food company by market value, dropped by the daily limit of 5 percent to 462.37 naira, the biggest drop since Jan. 3, as investors bet a recent rally in the stock was overdone.

“A lot of investors are selling so the demand is not strong enough to hold the price at that bullish level,” David Adonri, Chief Executive Officer of Lambeth Trust and Investment Co., a Lagos-based brokerage, said by phone today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.